Oakmont Investment Advisors Inc. Purchases Shares of 27,156 Gold Fields Limited $GFI

Oakmont Investment Advisors Inc. purchased a new position in shares of Gold Fields Limited (NYSE:GFI) in the second quarter, Holdings Channel.com reports. The firm purchased 27,156 shares of the company’s stock, valued at approximately $912,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields during the 1st quarter worth about $25,000. CIBC Private Wealth Group LLC raised its holdings in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares in the last quarter. Arax Advisory Partners lifted its position in shares of Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after buying an additional 885 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Gold Fields by 24.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Gold Fields by 1,604.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after buying an additional 1,973 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GFI has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research note on Monday. JPMorgan Chase & Co. cut their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Royal Bank Of Canada decreased their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Scotiabank cut their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.05.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $47.41 on Friday. The firm has a fifty day moving average price of $38.10 and a 200 day moving average price of $42.22. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Gold Fields Limited has a 1-year low of $31.11 and a 1-year high of $61.64.

Gold Fields Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.